Crypto Market Stalls Despite Positive Inflation Data

The cryptocurrency market remained flat on Friday, May 16, following the release of positive macroeconomic data that pointed to easing inflation earlier this week. Bitcoin (BTC) increased 1% on the day to just under $104,000, trading flat on the week. Ethereum (ETH) grew 2% to $2,589, adding slightly to a strong week following its notable gains since the Pectra upgrade last week. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant